Two Money Managers Like Financial Sector
How should you manage your portfolio during the current market rally? Two money managers offered their advice on "Power Lunch."
PNC Private Wealth Management CIO Jim Dunigan likes the financial sector, as does Harin De Silva of Old Mutual Analytic Defensive Equity Fund.
He likes JPMorgan Chasein particular.
De Silva said that JPMorgan, along with Arrow Electronics , which provides electronic components and computer products, are both relatively cheap stocks.
If you're looking to short stocks, De Silva feels that Gentex Corporation, an electronics component manufacturer, is an appropriate choice due to high stock price.